{"iri":"https://folio.openlegalstandard.org/RCU6ReSCEN31kllOAIaq5Ut","label":"Overtime Pay","sub_class_of":["https://folio.openlegalstandard.org/RiYwKEna4NZ311TVYJ2yCj"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RX4IL0dBTdT6NybOqieEPR"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Overtime pay refers to the additional compensation provided to employees who work hours in excess of what is considered standard or regular for a given period, typically a workweek. The rate for overtime pay is often higher than the employee's regular hourly wage, commonly set at one and a half times the standard rate or more, depending on labor laws and employment contracts.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}